Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent.

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....uty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent. <br>News and Press Release<br>Dated:- 16-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 16-March-2012 13:....

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....52 IST Duty on Large Cars Enhanced from 22 Per Cent to 24 Per Cent Large cars currently attract excise duty depending on their engine capacity and length. While presenting the Union Budget 2012-13 i....

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....n LokSabha today, the Finance Minister ShriPranab Mukherjee proposed to enhance the duty from 22 per cent to 24 per cent. In the case of cars that attract a mixed rate of duty of 22 per cent + Rs 15,0....

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....00 per vehicle, he proposed to increase the duty and switch over to an ad valorem rate of 27 per cent. DSM/MG/RS/41<BR> News - Press release - PIB....